A Redneck cowboy from Sweetwater, Texas, walked
into a bank in New York City and asked for the loan
officer. He told the loan officer that he was going to
Paris for an International Redneck Festival and would
be gone for two weeks. He needed to borrow $5,000
but he was not a depositor in that bank..
The bank officer told him that the bank would need
some form of security for the loan, so the Redneck
handed over the keys to a new Ferrari. The car was
parked on the street in front of the bank. He produced
the title and everything checked out. The loan officer
agreed to hold the car as collateral for the loan and
apologized for having to charge 12% interest.
Later, the bank's president and its officers all enjoyed a
good laugh at the Redneck from Texas for using a
$250,000 Ferrari as collateral for a $5,000 loan. An
employee of the bank then drove the Ferrari into the
bank's private underground garage and parked it.
Two weeks later, the Redneck returned, repaid the
$5,000 and the interest of $23.07.
The loan officer said, "Sir, we are very happy to have
had your business, and this transaction has worked out
very nicely, but we are a little puzzled. While you were
away, we checked you out on Dun & Bradstreet and
found that you are a highly successful investor and
multimillionaire with real estate and financial interests
all over the world. Your investments include a large
number of wind turbines around Sweetwater, Texas.
What puzzles us is, why would you bother to borrow
$5,000?"
The good ol' Texas boy replied, "Where else in
New York City can I park my car for two weeks for only
$23.07 and expect it to be here when I return?"
Never underestimate a Texas Redneck Cowboy.
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